The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012. Buyers pay less for older homes (over 30 years old) than for newer homes (under five years old), but the gap is shrinking. The typical home bought in Buffalo, NY in 2024 was 69 […]
The Homes Americans are Buying are Older Than Ever Read More »
Americans are purchasing one-third as many vacation homes as they were during the pandemic buying boom. High prices and mortgage rates, along with the return of in-office work, have made the prospect of owning a second home less appealing than it once was. U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the
Demand For Vacation Homes Drops to Lowest Level Since at Least 2018 Read More »
With new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid price drops. The median U.S. monthly housing payment hit an all-time high of $2,868 during the four weeks ending May 4. That’s due to two key factors: Home-sale prices are
Record-High Costs, Economic Unease Are Stunting This Spring’s Homebuying Season Read More »
The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce under the Trump Administration. Active listings of homes for sale in Washington, D.C. jumped 25.1% year over year to the highest level since 2022 during the four weeks ending April
Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs Read More »
In Denver and Seattle, families pay nearly as much for daycare as they do for rent–and they pay much more for daycare than rent if it’s for two children. The average monthly cost of sending one child to daycare in Denver is $1,434, equal to 83% of the typical rent payment ($1,720) in that metro
Sending 2 Kids to Daycare Costs More Than Rent in Most Major U.S. Metros Read More »
Mortgage-purchase applications are declining and pending home sales are sluggish. The 2025 spring homebuying season is lackluster, with record-high housing costs and widespread economic instability keeping would-be homebuyers at bay. Mortgage-purchase applications are down 6% month over month, and Redfin’s Homebuyer Demand Index–a measure of tours and other buying services from Redfin agents–is essentially flat.
